Artificial intelligence (AI) usage has been both theorised and empirically shown to facilitate productivity gains for business and occupations. Contemporary literature offers consensus that these gains are largely concentrated among highly skilled occupations, where individuals tend to perform non-routine cognitive tasks.
Research
Anchoring inflation expectations is a concern for many central banks around the world, especially those who have adopted inflation targeting as their monetary policy regime. Inflation expectation is the rate at which economic agents expect inflation to be in the future.
Climate-change has the potential to impact an economy’s inflation dynamics. Within the last decade, climate change impacts have had related spillovers on inflation, possibly affecting the ability of monetary policy to achieve its objectives.
The insurance industry plays a key role in mitigating the after-effects of extreme weather events. However, institutions are also uniquely exposed to these acute physical risks via higher mortality and morbidity, as well as property damage due to flooding and coastal erosion.
Driven by technological advancements, convenience, and financial inclusivity, the digital payments landscape has grown immensely. However, the rapid evolution of digital money presents significant implications for monetary policy.
This compilation of works consolidates five previously published works highlighting issues of relevance to the Bank, in the area of monetary policy. The compilation is one of two special research projects aimed at promoting publications on Central Banking and other identified issues, outlined as number 7.2 in the 23 core projects of the Bank’s Strategic Plan 2016/17 – 2020/21.
This compilation of working papers is not meant to be a complete source of information and knowledge on the chosen subject matter. Indeed, the works presented in this volume focus solely on the Trinidad and Tobago’s financial system and a sub-set of questions within a vast and expanding field of financial stability research. Nonetheless, the questions discussed and evidence presented in this volume may contain useful insights that might be relevant to similar financial systems like ours. The compilation is the second special research project aimed at promoting publications on Central Banking and other identified issues, outlined as number 7.2 in the 23 core projects of the Bank’s Strategic Plan 2016/17 – 2020/21.